Deira Trading Company

Boeing 737 Max 9 grounding will cost $150 million

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024.  Patrick T. Fallon | AFP | Getty Images Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will […]

2024 Volkswagen Golf GTI: A wonderfully practical, enthusiast’s machine

The 2024 Volkswagen Golf range of compact hatchbacks is made up of the GTI and R models. Both are excellent and exceptional. Pricing starts at $31,765. If we had a dollar for every time we heard the word “fun” used in connection with the Golf GTI, we’d be able to buy a new one with […]

Boeing CEO meets with lawmakers as 737 Max 9 scrutiny builds

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024.  Patrick T. Fallon | AFP | Getty Images Boeing CEO Dave Calhoun met with several U.S. senators Wednesday on Capitol Hill as scrutiny […]

FAA halts production expansion, OKs inspection instructions

Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. Mathieu Lewis-rolland | Getty Images The Federal Aviation Administration on Wednesday halted Boeing‘s planned expansion of its 737 Max aircraft production, but it cleared a path for the manufacturer’s Max 9 to return to service […]

SK Hynix returns to operating profit, thanks to high demand for AI chips

SK Hynix 000660, -2.69% returned to an operating profit in the final quarter of 2023 on brisk demand for artificial-intelligence chips and other higher-end products. The South Korea memory-chip maker’s turnaround after posting four straight quarters of operating losses was the latest in signs pointing to a recovery in the global semiconductor industry. Operating profit […]

David Ellison’s Skydance Media explores buying Paramount Global

Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.  Mike Blake | Reuters David Ellison’s Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global, people familiar with the matter told […]

MedMen goes from height of $3 billion valuation to zero; top execs leave

U.S. cannabis retailer MedMen Enterprises Inc. on Wednesday said its chief executive and executive chairman had resigned, not long after the stock drew a cease-trade order, as the once high-flying cannabis retailer dropped from a $3 billion valuation in 2018 to zero. The company, in a brief statement on Wednesday, said Ellen Deutsch Harrison had […]

UAW union endorses Biden over Trump in 2024 election

President Joe Biden celebrates with United Auto Workers President Shawn Fain after Fain and the UAW endorsed Biden for president at a Community Action Program legislative conference in Washington, Jan. 24, 2024. Leah Millis | Reuters The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced […]

United Airlines (UAL) Q4 2023 earnings

United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters United Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration’s grounding of Boeing 737 Max 9 planes this month after a part blew out […]

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